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    Property profile & analytics
    OFF-MARKET Estimated value $930,000
    Strip malls

    3501 50th St, Lubbock, TX 79413-4000

    41,892 SF 3.08 ac lot Built 1983
    Individually Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-2897954
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 3501 50th St, Lubbock, TX 79413, within the 50th & Indiana Shopping Center. The property consists of two single-story buildings totaling 41,000 square feet, offering a minimum divisible space of 3,000 square feet, with a maximum contiguous space also at 3,000 square feet. Currently, 3,000 square feet of retail space is immediately available. The center boasts ample parking with 160 spaces available for customers and employees. The property is zoned NC - Neighborhood Commercial, making it ideal for a variety of retail uses. This location benefits from exceptional visibility and high traffic counts, exceeding 51,500 vehicles daily, due to its strategic placement at the intersection of 50th Street and Indiana Avenue. The center is shadow-anchored by a high-performing United Supermarket's Market Street, ranked among the top three most visited Market Street locations in Texas, according to Placer.AI. Further enhancing the location's appeal are nearby businesses such as Planet Fitness, Starbucks, BioLife Plasma Services, and CVS, creating a strong synergy and attracting significant foot traffic. This presents a unique chance to establish a thriving retail presence in a vibrant and well-established commercial area. The property offers a strong foundation for immediate occupancy and long-term success.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1983
    Total area 41,892 SF
    Lot 3.08 ac (134,078 SF)
    Zoning code 38
    APN R113339
    UPID US82-2897954
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Apple Tree Cafe and Bakery Bakery Specialty Food Shop
    • Fireside Frames (Bike/Boat/Book/etc) Store Home Decor Store
    • LPC Limited Food Processing Plant
    • Bella's Bridal, Prom & Quinceanera Clothing & Fashion Store
    • Western Union Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $705k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.16M
    Blend (final) Blend
    $930k
    Owner & transaction history
    Westgate Manufactured Hsng Ltd · 7 yrs held
    Westgate Manufactured Hsng Ltd
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    38 · Lubbock, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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